- Alaska Statutes.
- Title 44. State Government
- Chapter 85. Alaska Municipal Bond Bank Authority
- Section 100. Annual Report and Audit.
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. Annual Budget.
AS 44.85.100. Annual Report and Audit.
- (a) Before October 1 of each year the bond bank authority shall make a report of its activities for the preceding fiscal
year to the governor and notify the legislature that the report is available. The report shall set out a complete
operating and financial statement covering its operations during the year. The bond bank authority must have an audit
of its books and accounts made at least once in each year by certified public accountants and the cost of the audit
shall be considered an expense of the bond bank authority and a copy of the audit shall be filed with the commissioner
of revenue and the legislature.
- (b) The bond bank authority shall include in the report required by (a) of this section an estimate of the amount of
revenue bonds of the bond bank authority to be issued during the fiscal year following the fiscal year in which the
report is submitted. The bond bank authority may not issue revenue bonds, other than refunding bonds, in excess of
$75,000,000 during any fiscal year beginning after June 30, 1981, unless the legislature, by law, approves the estimate
required by this subsection for that fiscal year.
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